Tesla Insurance seems ready to expand to New Jersey and Florida based on filings in both states.
In New Jersey, Tesla has three companies filed under the state’s list of licensed insurance carriers.
In its list, the NJ Department of Bank and Insurance (DOBI) includes Tesla General Insurance, Inc., Tesla Insurance Company, and Tesla Property & Casualty, Inc. The names of Tesla’s insurance service in New Jersey match those it filed for in Maryland.
Tesla also filed for new auto insurance programs under Meritplan Insurance Company and Balboa Insurance Company with the Florida Office of Insurance Regulation.
The Maryland Administration told Teslarati that the Balboa Insurance Company changed its name to Tesla Insurance earlier this year. Maryland also had filings for a Tesla Property & Casualty, Inc.
We thank Teslarati for reprint permission
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.